PharVision Advisers LLC Takes Position in TPG RE Finance Trust, Inc. (NYSE:TRTX)

PharVision Advisers LLC acquired a new stake in TPG RE Finance Trust, Inc. (NYSE:TRTX - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 54,131 shares of the company's stock, valued at approximately $460,000. PharVision Advisers LLC owned about 0.07% of TPG RE Finance Trust at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. New Age Alpha Advisors LLC bought a new position in TPG RE Finance Trust during the 4th quarter worth $43,000. KLP Kapitalforvaltning AS acquired a new position in shares of TPG RE Finance Trust in the fourth quarter valued at about $75,000. Virtu Financial LLC bought a new position in TPG RE Finance Trust during the fourth quarter worth about $85,000. Stratos Wealth Partners LTD. raised its stake in TPG RE Finance Trust by 20.4% in the 4th quarter. Stratos Wealth Partners LTD. now owns 15,456 shares of the company's stock worth $131,000 after purchasing an additional 2,623 shares in the last quarter. Finally, Wealthfront Advisers LLC acquired a new stake in TPG RE Finance Trust in the 4th quarter worth about $134,000. Institutional investors and hedge funds own 57.12% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TRTX. Wall Street Zen raised shares of TPG RE Finance Trust from a "sell" rating to a "hold" rating in a report on Thursday. Wells Fargo & Company reduced their price target on TPG RE Finance Trust from $10.00 to $9.00 and set an "overweight" rating on the stock in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. raised their price objective on TPG RE Finance Trust from $7.00 to $8.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $9.50.

TPG RE Finance Trust Price Performance

TPG RE Finance Trust stock traded up $0.05 during trading hours on Monday, reaching $7.62. 436,505 shares of the stock were exchanged, compared to its average volume of 646,910. The stock has a 50 day moving average of $7.63 and a two-hundred day moving average of $8.29. The company has a market cap of $608.11 million, a P/E ratio of 10.15, a price-to-earnings-growth ratio of 0.25 and a beta of 1.63. The company has a current ratio of 156.81, a quick ratio of 152.83 and a debt-to-equity ratio of 2.14. TPG RE Finance Trust, Inc. has a twelve month low of $6.47 and a twelve month high of $9.66.

TPG RE Finance Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, March 28th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, March 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 12.61%. TPG RE Finance Trust's payout ratio is presently 137.14%.

TPG RE Finance Trust Company Profile

TPG RE Finance Trust, Inc, a commercial real estate finance company, originates, acquires, and manages commercial mortgage loans and other commercial real estate-related debt instruments in the United States. It invests in commercial mortgage loans; subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, preferred equity, and miscellaneous debt instruments; and commercial real estate collateralized loan obligations and commercial mortgage-backed securities secured by properties primarily in the multifamily, life science, mixed-use, hospitality, self storage, industrial, and retail real estate sectors.